When El Torito Restaurant is deciding how many waiters to hire for a holiday weekend, it is making a ________ decision
A) plant-size
B) long-run
C) short-run
D) fixed-input
Answer: C
Economics
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The M2 aggregate
A) includes M1 plus short-term investment accounts. B) includes M1 plus large-denomination time deposits. C) equals currency plus checking account deposits at commercial banks. D) is the best definition of money purely as a medium of exchange.
Economics
Capital and labor are distinct from technology since ________
A) technology is exogenous B) technology is rival in its use C) capital and labor are physical things D) technology is a physical thing
Economics